Crane Company is preparing a cash payments budget. Below is a schedule of financial data that will be used to prepare the budget. What is the cash receipts budget for November? Purchases Cash Operating Costs Cash paid for new equipment Accounts Payable at End of Month Purchases are paid for as follows: In Month of Purchase 60% In Month After Purchase 40% September $13108 Enter your answer to the nearest whole dollar. October November $30139 $4638 $1176 $73417 $7952 $2248 December $50131 $10164 $3162
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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